OMAHA (DTN) -- The November 1 cattle on feed report USDA released Friday afternoon fell generally within pre-report guesses, and is unlikely to have much impact when futures trade resumes Monday, according to DTN Livestock Analyst John Harrington.

The total U.S. cattle on feed on November 1 was 101 percent of a year ago, below the average guess of 101.5 percent, and within the range of estimates. Cattle placed on feed also totaled 101 percent of a year ago, below the average guess of 102.5 percent. Pre-report guesses for placements had ranged from 98.5 percent to 106 percent.

The number ...